Making the process of moving home simple and stress-free.
What Happens to Your Mortgage When You Move?
When you're moving house, one of the biggest questions is: can your mortgage move with you? Or is now the time to find a better deal?
At Maxwell Mortgages, we help you make sense of your options—whether you're porting your current mortgage, applying for a new one, or borrowing more for your next property.
Some lenders allow you to move your mortgage to your new property, keeping the same interest rate and deal terms. This is known as porting.
Benefits of porting your mortgage:
- Keep your existing low-interest rate
- Avoid early repayment charges
- Stay with a lender you already know
But... not all mortgages are portable. And even if yours is, it doesn’t mean you’ll automatically qualify. Your lender will reassess your circumstances—including your income, credit rating, and the property you're moving to.
If you're moving to a more expensive home, you may need to increase your borrowing. Here are your options:
- Port + top-up loan – If you can port your mortgage, you may be able to apply for additional borrowing from your current lender.
- New mortgage – You might decide to pay off your existing mortgage and apply for a completely new one.
- Further advance – Some lenders offer extra borrowing without changing your deal (subject to eligibility).
Even if your mortgage is portable, it might not be your best option. Rates and deals change all the time—and moving home is often a great opportunity to secure a lower interest rate or better terms.
We’ll compare deals across the market to help you decide whether to stick or switch.
Whether you’re porting or applying for a new mortgage, be mindful of potential fees, including:
- Early repayment charges (ERCs)
- Exit fees
- Booking or arrangement fees
- Valuation fees
- Conveyancing/legal fees
- Broker fees
Protecting Your New Home and Mortgage
Moving is a great time to review your protection. We offer advice on:
- Life Insurance
- Critical Illness Cover
- Income Protection
These policies can help protect your home and loved ones in case the unexpected happens.
For insurance business we offer products from a choice of insurers.
Try Our Free Mortgage Calculators
Before applying, you can self-serve with our quick online tools:
Speak to a Maxwell Mortgages Today
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.